BGB Securities Starts Renasant Corp (RNST) at Buy

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/20/2026

1. TGT
2. MRNA
3. EL
4. MRK
5. BILL
6. RARE
7. LOW
8. DE
9. ADI
10. COTY

December 12, 2012 12:27 PM EST
Get Alerts RNST Hot Sheet
Price: $42.04 --0%

Rating Summary:
    9 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 11 | New: 19
Join SI Premium – FREE
BGB Securities initiates coverage on Renasant Corp (NASDAQ: RNST) with a Buy. PT $20.50.

The firm comments, "We are initiating coverage of RNST with a Buy rating and a $20 price target. We derive our target through our discounted dividend model, the application of a 13x multiple to our 2013 EPS estimate and RNST's tangible book multiple of approximately 155% applied to our year-end 2013 estimate of $12.59. Our 2012 and 2013 EPS estimates are $1.05 and $1.20, respectively."

For an analyst ratings summary and ratings history on Renasant Corp click here. For more ratings news on Renasant Corp click here.

Shares of Renasant Corp closed at $18.22 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

New Coverage

Related Entities

Dividend